Chase Home Improvement Loan Rates – Home equity loans and home equity lines of credit (HELOCs) are loans secured by the borrower’s home. If the borrower owns the title to the home, they can apply for a title loan or line of credit. Equity is the difference between the amount owed on the mortgage and the current market value of the home. In other words, if the borrower has paid off the mortgage such that the home is worth more than the outstanding loan balance, the homeowner can borrow a percentage of that difference or equity, usually up to 85% …